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Why Is John Mauldin Defending Greenspan?

Nice article, Tim.

Stopped reading Mauldin a few months ago. I also think he went off the deep end, especially after his publications from George Friedman of Stratfor... what a joke. I especially "like" Friedman's "prophetic" book on the upcoming war with Japan www.amazon.com/Coming-... which shows an amazing ignorance of Japan's adulation for the US. I know, I've learned Japanese (in addition to Spanish/German/Italian... and some minimal Chinese/Portuguese). I think these folks, despite their "intelligence" agencies and super-computers still fail to understand human nature.

Show people all the charts, statistics and lies you like, but when they don't follow "common sense" then it's probably too good to be true. (Buffett thinking)

I sadly agree that JM sounds like a shill for his clients. Mauldin otherwise could sound like a decent family man with good morals/values.

@ John in Osaka: The academic community is filled with charlatans and jerks. I know, I've a doctorate and I take great pleasure in debunking the idiots. Academia is filled with people completely lacking in common sense, despite what their "statistics" or "research" tells them. Just look at Long Term Capital Management.